• Source: Iraq Development Road

The Iraq Development Road is an undergoing project aming to connect Asia with Europe by establishing a network with railways, roads, ports and cities. The project will link the Grand Faw Port in southern Iraq to Turkey's border and further extending into Europe.
The project is expected to turn the country into a transit center by shortening the travel time between Asia and Europe in an attempt to compete with Egypt's Suez Canal. The project is expected to strengthen Iraq's geopolitical position in the region and the world, in addition, the project will support security and stability in the region.




Overview


In May 2023, Baghdad hosted a summit which brought together transport ministers and officials from the European Union, the World Bank, GCC, Iran, Turkey, Syria and Jordan to discuss the establishment of the Development Road initiative. During the summit, Iraqi officials noted that "Iraq has recovered and retrieved its pivotal political role in the region, becoming a political convergence point, the time has come for the country to retrieve its economic role".
In April 2024, and during a visit to Baghdad by Turkish President Recep Tayyip Erdogan, quadrilateral memorandum of understanding regarding cooperation in Development Road project signed between Iraq, Turkey, Qatar, UAE. The deal was signed by the transportation ministers from each country. The 1,200-kilometer project with railway and highways which will connect the Great Faw Port, aimed to be the largest port in the Middle East. It is planned to be completed by 2025 to the Turkish border at an expected cost of $17 billion.
Observers and decision-makers note that the project is planned to be completed in three stages by 2028, 2033 and 2050 and will open Iraq to the world through Turkey, and will generate $4 billion annually and create at least 100,000 jobs.
In July 2024, the Iraqi Ministry of Transport announced that it had signed a deal with consulting firm Oliver Wyman to conduct the economic model for the Development Road. The firm will help market the project, supervise investments, and provide economic advisory services for strategic government projects.




See also


Grand Faw Port
Berlin–Baghdad railway
India–Middle East–Europe Economic Corridor




References

Kata Kunci Pencarian:

• Perang Dunia I
• Constellis
• Daftar ibu kota negara menurut jumlah penduduk
• Yahudi Mizrahi
• Agama Hindu
• Nelson Mandela
• Rawandiz
• Hati nurani
• Shell (perusahaan)
• Yordania
• Iraq Development Road
• Iraq
• Grand Faw Port
• India–Middle East–Europe Economic Corridor
• Iraq War
• Economy of Iraq
• Iraqi Republic Railways
• Mohammed Shia' Al Sudani
• 2003 invasion of Iraq
• Iran–Iraq War